ABSTRACT
This study is centered on the “Assessment of Cooperative Society on Economic Empowerment of it members” (A Case study of Akwapoly Multipurpose Cooperative Limited). To accomplish this research objective, the study adopted the survey research design while convenience sampling technique was used to select (50) as sample size and the respondents for the study. Instrument used for data collection was a self developed questionnaire and the forms were personally administered. Data analysis technique employed was descriptive statistic which involved the use of simple frequency tables and percentages. The study revealed that the role of cooperative society in economic empowerment of it members include to foster economies of scale, provision of higher income, mobilization of resources for income generation. The study also found out that the strategies for empowering members of cooperative society includes training of member in skill acquisition, facilitation of financial services, employment creation for members. The study also revealed that the challenges faced by cooperative society in the economic empowerment of it members includes lack of finance, lack of business technique and mismanagement. Lastly, the study revealed that the solutions to challenges faced by cooperative society in the economic empowerment of it members include training of members and committee members, encouragement of internal capital formation, encouragement of members participation through improved services. It is however recommended among others that since increase income level is attributed to membership effect, as such cooperative should encourage people to join the society and also encourage to participate in the economic activities of the society.
TABLE OF CONTENTS
Pages
Title Page – – – – – – – – – i
Approval Page – – – – – – – – ii
Certification – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgements – – – – – – – v
Abstract – – – – – – – – – vi
List of Tables – – – – – – – – vii
Table of Contents – – – – – – – viii-x
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – 1-3
- Statement of Problem – – – – – – 3-4
- Objectives of the Study – – – – – 4-5
- Research Questions – – – – – – 5
- Scope of the Study – – – – – – 5
- Limitations of Study – – – – – – 6
- Organization of the Study – – – – – 6-7
- Definition of Terms – – – – – – 7
Pages
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 The Concept and Meaning of Cooperative Society – 8-11
2.2 Benefit of Cooperative Society – – – – 11-12
2.3 Type of Cooperative Society – – – – 12-14
2.4 Strategies of Empowering Members in the
Cooperative Society – – – – – – 14-16
2.5 Economic Empowerment (An Overview) – – 16
2.6 Assessment of Cooperative Societies in Economic
Empowerment of Members – – – – – 16-18
2.7 Challenges of Cooperative Society – – – – 18-20
2.8 Solution to Challenges Faced by Cooperative Society 20-21
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design – – – – – – 22
3.2 Population of the Study – – – – – 23
3.3 Sample and Sampling Technique – – – – 23
3.4 Instrumentation – – – – – – – 24
3.5 Problems of Data Collection – – – – – 24
Pages
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Analysis of Research Question – – – – 25
4.1.1 Research Question One – – – – – 25-27
4.1.2 Research Question Two – – – – – 27-28
4.1.3 Research Question Three – – – – – 28-30
4.1.4 Research Question Four – – – – – 30-31
4.2 Discussion of Findings – – – – – – 31-33
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings – – – – – – 34-35
5.2 Conclusion – – – – – – – 35
5.3 Recommendations – – – – – – 36
References
Appendix
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Today, in an era when many people powerless to change their lives, cooperatives represent a strong, vibrant and viable economic alternative. cooperative are formed to needs, they are based on the powerful idea, that together, a group of people can active goals that none of their could achieve alone.
For so many years now, cooperatives have been an effective way for people to exert control over their economic livelihood. They provide a unique tool for achieving one or more economic goals in an increasingly competitive global economy. Cooperative help salary/wage earners save for the future, own what might be difficult for individual do own by their effort, strengthen the communities in which they operate and provide an economic boost to the community as well.